There are positive signs being seen after the completion of the policy and tax administration framework in the field of cross-border e-commerce.
Key tasks of the General Department of Taxation in 2021 include tax management and tax collection from online business activities, and from individuals and businesses with revenue generated from Facebook, Google and YouTube.
A 29-year-old Hanoi woman earned VND30 billion (nearly $14.5 million) a year by writing software for Google Play and App Store, paying tax of VND23.4 billion (over $1 million).
E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.
Despite progressively stricter regulations by tax collectors, individuals running business via online platforms are always a step ahead finding workarounds.
A reasonable taxation policy is expected to help settle several problems, including excessive investment in high-end apartment and villa projects, and speculation buying.
The General Department of Taxation under the Ministry of Finance is studying a proposal on increasing the threshold of taxable revenue for individual landlords renting out houses.
Many domestic online travel agencies (OTAs) have plans to register their businesses in countries like Singapore to avoid tax obligations, which will help them compete on price with foreign OTAs.
"Unusual fever" for mutant orchids has spread from the northern provinces of Quang Ninh, Son La, Hoa Binh to the Central Highlands.
Vietnamese YouTube content creators are unhappy about an announcement from Google about a deduction of up to 30 percent from their earnings from the platform.
Tax revenues from online advertising business models of foreign organisations that do not have legal entities in Vietnam like Google, YouTube or Facebook hit VND1.14 trillion ($49.5 million) last year.
Earlier this month the Government’s amendment of tax regulations for ride-hailing services, which increases the tax they actually pay, was a topic of hot debate in the media.